The MOU will allow TADB to disburse up-to USD 20 million worth of loans to agribusinesses.
The capital increase is partially financed by the Danish Government, as part of the Danish “COVID-19 Development Assistance” package.
The facility is earmarked to support Equity to scale up its lending activities to women owned and managed SMEs
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The guarantee will enable Sidian Bank scale up their lending activities to SMEs in Kenya.
The inauguration ceremony was presided over by the presidency of the Togolese Republic represented by Mr. Kodjo Adedze, Minister of Trade, Industry and Local Consumption
AGF's recognition is credited to setting up an ecosystem that creates value as well as having high impact initiatives in Africa.
AGF has issued a loan portfolio guarantee amounting to USD 10 million to Afriland First Bank.
The partnership will unlock $1.3 to 2 billion in loans to women-owned SMEs in Africa.
This financial guarantee will be entirely dedicated to Small and Medium Enterprises qualified for green financing.